Key Takeaways Shell approved the Kaikias field waterflood project to boost supply at the Ursa platform.SHEL expects the project to add about 60 million metric barrels of oil equivalent as 2P recoverable resources.The first water injection is planned for 2028, extending Ursa's life and supporting long-term liquids output.Shell plc (SHEL) , the London-listed oil and gas giant, has reached a final investment decision on a waterflood project at the Kaikias field in the Gulf of America to boost supply at its Urs ...

Company Overview - AZZ Inc. is a leading North American provider of sustainable metal coating solutions, focusing on two high-margin core businesses: Metal Coatings and Precoat Metals [2][4] - The company is the largest independent post-fabrication hot-dip galvanizer in North America, providing corrosion protection solutions that extend the lifecycle of steel assets while reducing emissions and lifecycle costs [2] Business Segments - The Metal Coatings segment benefits from strong exposure to regulated infrastructure spending, including bridges, highways, utilities, and transmission towers, alongside growing demand from renewables and industrial construction [3] - This segment operates under a tolling model that largely eliminates commodity price risk, delivering structurally high margins in the 30% EBITDA range [3] - The acquisition of Precoat Metals in fiscal 2023 has positioned AZZ as the leading independent coil coater in North America, serving various markets such as building products and transportation [4] Strategic Focus - AZZ has simplified its portfolio by monetizing its Infrastructure Solutions exposure, using the proceeds to deleverage and reinvest in its core coatings platform [6] - The company is positioned as a high-quality, cyclical industrial compounder with durable competitive advantages and attractive long-term value creation potential, supported by large addressable markets tied to infrastructure renewal and energy transition [6]

Key Takeaways Petrobras enters Brazil's solar market by buying a 49.99% stake in Lightsource bp's local units.The JV starts with the Milagres solar complex and includes a pipeline for gradual project expansion.The deal supports Petrobras' 2026-2030 plan to diversify energy sources while partnering as a minority owner.Petróleo Brasileiro S.A. - Petrobras (PBR) is making a clear move beyond oil and gas by entering Brazil’s solar energy market through a new partnership with the Brazilian unit of BP p.l.c.’s (B ...

Together with customers, employees and local partners, Duke Energy is making a difference – providing critical energy assistance so families can stay safe and connected during challenging times. "Behind every request for help is a story—a family, a friend, a community member working to get through a tough time," said Loree Elswick, president of Duke Energy Foundation. "Through Share the Light Fund and our local partners, we're able to support our neighbors in their moment of need." "Supporting families thro ...

Key Takeaways The energy sector gained 6.2% in Q3 2025, moderately stabilizing after 2024 price volatility.AI-driven data center growth and resilient oil demand supported integrated majors as sector backbones. Major Energy ETFs like XLE gained 4.8% YTD, offering low-cost exposure to diversified energy leaders. The energy sector in 2025 has been defined by a “return to fundamentals,” coupled with a massive surge in structural demand. After a period of significant price volatility in late 2024, the sector mo ...

POLAND - 2025/08/09: In this photo illustration, a Bloom Energy company logo is seen displayed on a smartphone screen. (Photo Illustration by Piotr Swat/SOPA Images/LightRocket via Getty Images)SOPA Images/LightRocket via Getty ImagesBloom Energy (NYSE:BE) has increasingly started to look like one of the most macro-sensitive clean-energy stocks on the market. After trading comfortably above recent support levels earlier this month, the stock experienced a sharp sell-off of 20% within a single week, surprisi ...

Core Insights - Sanmina Corporation announced a significant expansion of its Energy business with a new factory in Houston, Texas, aimed at the US energy market, set to produce various high-quality energy products starting in 2027 [1][3] - The company has entered into a partnership with Konar - Electrical Industry Inc. to co-design a custom medium-voltage transformer and explore further collaboration opportunities [2][3] Company Overview - Sanmina is a Fortune 500 company recognized as a leading integrated manufacturing solutions provider in the Electronics Manufacturing Services (EMS) market, serving sectors such as industrial, medical, defense, aerospace, automotive, communications networks, and cloud and AI infrastructure [4] - The company has strategically located facilities worldwide to support its manufacturing solutions [4] Partner Company Overview - Konar is focused on energy transition and decarbonization in the power sector, developing advanced solutions and business models that benefit the community and environment [5] - With over a century of experience, Konar is a regional leader in power engineering and a top manufacturer of rail vehicles [5]

Core Insights - SPIE has signed an agreement to acquire Worley Power Services, enhancing its expertise in technical maintenance for power generation assets [1][4] - The acquisition positions SPIE Global Services Energy to play a significant role in Australia's transition from coal and gas to renewable energy sources [1][4] Company Overview - SPIE is a European leader in multi-technical services, focusing on energy infrastructure and communications, with consolidated revenues of €9.9 billion and EBITA of €712 million in 2024 [5] - Worley Power Services has over 20 years of operational experience and is a market leader in full life-cycle asset management, particularly in low-carbon power generation [2][3] Operational Details - Worley Power Services manages operations and maintenance for 27 power generation assets with a total capacity exceeding 2700MW and over 1,100km of gas pipelines [3] - For the financial year ending June 30, 2025, Worley Power Services generated approximately €70 million in revenue and employs 320 highly qualified technicians and engineers [3] Strategic Implications - The acquisition will strengthen SPIE's presence in Australia, a strategic market, and enhance its capabilities in operations, maintenance, and asset integrity within the green energy sector [4] - The integration of Worley Power Services is expected to support SPIE's strategy in achieving energy transition and responsible digital transformation [5][6]

Core Insights - Permian Investment Partners has significantly increased its stake in KBR by purchasing an additional 1.3 million shares, raising its total position value to $150.5 million, which now represents 17% of the fund's U.S. equity AUM [2][10] - KBR's stock price is currently at $42.97, reflecting a 27% decline over the past year, contrasting with the S&P 500's 13% increase during the same period [3] - KBR's latest financial results show revenue of $1.9 billion, with adjusted EBITDA rising 10% to $240 million and adjusted earnings per share increasing 21% to $1.02, indicating strong profitability despite flat revenue growth [11] Company Overview - KBR, Inc. is a global engineering and technology company with a diversified portfolio that includes government and commercial markets, focusing on mission-critical services and sustainable technologies [6][9] - The company generates revenue through contract-based services in government solutions and sustainable technology solutions, serving various government agencies and global clients in sectors such as energy and infrastructure [9] Financial Metrics - KBR's trailing twelve months (TTM) revenue is reported at $8 billion, with a net income of $380 million and a dividend yield of 1.5% [4] - The company's backlog and options total $23.4 billion, providing multi-year revenue visibility [11] Investment Perspective - The increase in KBR's position within Permian's portfolio indicates a strong conviction in the company's long-term potential, aligning with the fund's strategy of favoring capital-light, cash-generative businesses [12]

Core Viewpoint - ALLETE, Inc. has completed its acquisition by Canada Pension Plan Investment Board (CPP Investments) and Global Infrastructure Partners (GIP), following approval from the Minnesota Public Utilities Commission (MPUC) [1][3]. Financial Commitments - The acquisition will deliver approximately $200 million in benefits to Minnesota Power customers and communities, including a one-year base rate freeze and $50 million in rate credits [2][4]. - Transaction-related costs will not affect customer rates [5]. Infrastructure and Management - CPP Investments and GIP will fund ALLETE's five-year plan to strengthen and expand the transmission grid and support the energy transition [3]. - ALLETE will remain locally managed and headquartered in Duluth, MN, with its current leadership team and workforce retained [3][4]. Governance - The board of directors will be majority independent, with several members from Minnesota and Wisconsin, ensuring regional representation in utility decision-making [3][4]. Shareholder Returns - Under the merger agreement, CPP Investments and GIP acquired all outstanding common shares of ALLETE, with shareholders receiving $67 per share in cash shortly after closing [4].